Business & Money | Sunday 1 September, 2024 10:22 am

Chemanol inks technical licensing agreement for MDEA project

Methanol Chemicals Co. (Chemanol) signed a technical licensing agreement with a foreign company that owns the technology to produce methyl diethanolamine (MDEA) at a production capacity of 25,000 metric tons per year. In a statement to Tadawul, the company said the project’s initial...

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Business & Money | Sunday 1 September, 2024 10:19 am

ACWA Power signs SAR 9.7B agreements for 3 solar PV plants

ACWA Power Co. signed financing agreements for three major solar photovoltaic (PV) projects - Haden, Muwyah and Al Khushaybi - in Makkah and Qassim Provinces, each with a production capacity of 2,000 MW, 2,000 MW, and 1,500 MW, respectively. In a statement on Tadawul, the company said that the ...

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Business & Money | Sunday 1 September, 2024 10:18 am

du and Paltel forge partnership to establish new express route between UAE and Palestine

 du, from Emirates Integrated Telecommunications Company (EITC), and Palestine Telecommunications Company (Paltel), have officially inked the du-Pal Express Route Agreement. This initiative aims to construct an express link between the two countries, catering to escalating market demands with...

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Government | Sunday 1 September, 2024 10:08 am

Dubai Customs foils an attempt to smuggle over one ton of Pregabalin

Dubai Customs announced foiling of a large-scale attempt to smuggle a shipment of the drug Pregabalin weighing 1 ton and 100 kilograms, which was hidden in 40 barrels among incoming air cargo shipments using advanced customs systems. The incident occurred after the shipment arrived at the air...

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Business & Money | Sunday 1 September, 2024 9:54 am

Cityscape Egypt’s 13th Edition to be Held Under Ministry of Housing Patronage with PRE and Roya Developments as Gold Sponsors

Cityscape Egypt, the leading real estate event, will host its 13th edition from September 25 to 28, under the esteemed patronage of the Ministry of Housing, Utilities, and Urban Communities. This year, Cityscape is also honored to have PRE Developments and Roya Developments as its Gold...

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Environment & Energy | Saturday 31 August, 2024 5:35 am

Oil prices rises as Libya production declines, ME tensions persist

Oil prices rose on Friday amid the ongoing geopolitical tensions in the Middle East and decline in Libya production by nearly a half on the country's political conditions.   Brent crude futures for November delivery rose 0.34% to $79.09 a barrel, at 08:28 am Makkah time. The...

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Business & Money | Saturday 31 August, 2024 5:13 am

ADX logs AED1.86 billion in ETF trading Jan-Aug 2024

The Abu Dhabi Securities Exchange (ADX) has recorded significant value and volume of trading in exchange-traded funds (ETFs) since the beginning of this year, making it the most active and liquid ETF market in the Middle East and North Africa (MENA) region. According to data obtained by the...

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Business & Money | Saturday 31 August, 2024 5:11 am

ADFW 2024 to feature industry titans across 50 events

Under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the third edition of Abu Dhabi Finance Week (ADFW), the flagship financial event of the MEASA region hosted by ADGM, unveiled today an extravagant plan...

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Business & Money | Saturday 31 August, 2024 5:10 am

DMCC announces 21% increase in registered Colombian companies

The Dubai Multi Commodities Centre (DMCC) has announced a 21% rise in the number of companies joining from Colombia since the start of the year. The growth means DMCC is now home to 23 companies from Colombia, and over 150 companies from across South America. Alongside the announcement, DMCC...

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Business & Money | Saturday 31 August, 2024 5:05 am

NMDC Group’s IPO of NMDC Energy oversubscribed within hours of Day 1

NMDC Group – P.J.S.C. (ADX: NMDC) announced today that the Initial Public Offering (IPO or Offering for 1.15 billion shares (Offer Shares) in its wholly owned subsidiary, NMDC Energy – P.J.S.C. (NMDC Energy) has been oversubscribed within hours of the first day of its subscription...

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